Feathercoin? Is That You?

In feedback on Twitter in the present day, Blockstream VP options lead Warren Togami sounded the alarm over BCH — warning its low common hashrate positioned traders vulnerable to double spend assaults from malicious events.

In response to Togami, there presently exists a “actual threat” of double spending, which might have a paralyzing impact on exchanges and buckle BCH’s already low liquidity.

Togami had beforehand issued admonitory phrases on the altcoin in Might, when hashrate circled 12 % of Bitcoin and exchanges have been crediting BCH transactions after only one community affirmation, a transfer he described as “terribly harmful.”

Now, the state of the BCH community is paying homage to Feathercoin — a venture which forked off from Litecoin in April 2013, solely to lie dormant for a number of years afterward.

Launching with a worth just below $zero.50 per token, after a 51 % assault in June the identical 12 months, FTC collapsed, changing into price lower than one cent for the subsequent three years.